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Dec 2, 2012
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. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eeking out gains as traders wait on washington. while everybody is watching boehner and obama duke it out, a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. let's get in the monday and find out. dan, this is much more than a single stock story because yum is looked at as a barometer for china growth. >> that's a great point. >> this year as mcdonald's was signaling that china was weakening, chipotle. this year domestically, we're starting to see sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. relative to the competitors in china. about 45%. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. they just gave guidance on china sales on october 10th. to me they may hav
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eeking out gains as traders wait on washington. while everybody is watching boehner and obama duke it out, a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. let's get in the monday and find out. dan, this is...
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Dec 4, 2012
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it is city national and this is russell goldsman. we are back after the break. >> great to see you again. irk >>> yee knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped in. if you had been able to borrow a ton of money to buy them it would have worked. it may have been the single best investment of the 21st century. we are gripped by a similar hysteria about our own country. companies perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. >> i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the only thing they have going for them is the debt. we know that when the cliff jump price jumps, well, i say the worst has been prepared for it. and key bank may be the worst of the bunch. it has been a terrible investment up until things turned. and
it is city national and this is russell goldsman. we are back after the break. >> great to see you again. irk >>> yee knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped in. if you had been able to borrow a ton of money to buy them it would have worked. it may have been the single best...
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Dec 15, 2012
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. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st when they introduced the iphone 5. at some point it had to do with people booking profits. we saw a trade out of big year-to-date rim mers. this is a story in and of itself. throw a dart this week for the reasons why it's going down. a lot has to do with the self fulfilling prophesy it's not working anymore. it's worked so long, it's not working anymore. i think the street is starting to come around. the idea that earnings are going to stall here. >> right now it's a fundamental question when it comes to this to be. we have steve mill lon vich coming out questioning whether apple will continue to have the
. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st...
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Dec 7, 2012
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you talked about citi earlier for a lot of different reasons. i have a feeling -- >> give me a look at bank of america right now. it's above ten bucks. that was a line in the sand for a lot of people. >> right. they were buying it. they had 250,000 open on that ten strike. that's now past it. then they for the 10.5 strike today that expire in about two and a half hours. >> and i like it, i own it, i'll buy more. that's been the stock. meantime the stock has had a great move and analysts are still afraid to come out and say, you know what? i love it. >> you're not afraid, but why do you need it to pull back? >> you don't. >> add to it. you're waiting for it to pull back. >> i've got a decent sized position in it right now, so if i can get it at a cheaper price given where my cost is, which is in the 8s, i'll do it. but not up here. >> i got you. what a stronger than expected jobs reports means for the greenback. we'll get some numbers for you. breaking up is hard to do, especially when it's waning stock. we zero in on two stocks having great runs
you talked about citi earlier for a lot of different reasons. i have a feeling -- >> give me a look at bank of america right now. it's above ten bucks. that was a line in the sand for a lot of people. >> right. they were buying it. they had 250,000 open on that ten strike. that's now past it. then they for the 10.5 strike today that expire in about two and a half hours. >> and i like it, i own it, i'll buy more. that's been the stock. meantime the stock has had a great move...
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Dec 11, 2012
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the so called tier one cities. 4% decline in sales is not a good thing. and there is no doubt new found competition among chicken houses. however, young is dealing, you know with the first issue by shifting emphasis towards china and as far as the decline from same stores sales go. last year comps were up 21%. the management was bullish about the longer term. the cea said if the sky is falling in china. i promise i will know about it before you. definitely have a better read on china than we do. i think it makes sense to give him the benefit of the doubt. but now it is beginning to turn the corner. plus the chinese communist party has new leadership. through 2020 while doubling per capita income. so i have to believe the chinese government will do whatever it takes. maybe the colonel is due for a battlefield promotion. but they are not the company to sit around and improve on its own. they suggested that the business would turn around and the movement for the smaller cities would be terrific. much of the competition, for example, in the big tier one and t
the so called tier one cities. 4% decline in sales is not a good thing. and there is no doubt new found competition among chicken houses. however, young is dealing, you know with the first issue by shifting emphasis towards china and as far as the decline from same stores sales go. last year comps were up 21%. the management was bullish about the longer term. the cea said if the sky is falling in china. i promise i will know about it before you. definitely have a better read on china than we...
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Dec 5, 2012
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city national is a business bank. it makes commercial real estate loans and also they cater to the wealthy. mostly in southern california and nevada new york city, nashville and atlanta. this is a well run bank. let's check in with russell goldsmith and find out where this bank might be headed. i don't know anyone in this world who has the pulse of wealthy people the way you do. i need to know whether they are quaking about the increase of possible capital gains. will it be business as usual? >> great to be with you. appreciate the support. i think we have been seeing for well over six months, it falls into two groups. a lot of people are sitting on their hands. deals are getting called off. i'm not going to borrow until i know where they are going to drive the economy. there is always a slice of people who see opportunity with that. that is what city national and i would say a small minority have done. but most people are sitting on the sidelines waiting to know what is my health care cost and depreciation schedule.
city national is a business bank. it makes commercial real estate loans and also they cater to the wealthy. mostly in southern california and nevada new york city, nashville and atlanta. this is a well run bank. let's check in with russell goldsmith and find out where this bank might be headed. i don't know anyone in this world who has the pulse of wealthy people the way you do. i need to know whether they are quaking about the increase of possible capital gains. will it be business as usual?...
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Dec 26, 2012
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citi price rewind. start saving at citi.com/pricerewind. citi price rewind. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states g
citi price rewind. start saving at citi.com/pricerewind. citi price rewind. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when...
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Dec 3, 2012
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kansas city that report mentioned railroads. this is the stock we mentioned a number of times and had a tremendous run up to 84 and pulled back and another run up to 84 and pulled back. we are in the midst of that now. if this trades back down to 74.5 and 75 that is the level to buy. >> they have more south lines. >> these guys are huge. that is definitely a great call. the other part is retailers. the impact on this will be talk about 1,000 cuts. these guys will probably feel this for six months. this is what you saw from the strike of 2002. throughout the chain it's going to happen. >>> coming up next the trades you should toss out of your portfolio before 2013. we are checking twitter to help you set up for the new year. stick with us. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors c
kansas city that report mentioned railroads. this is the stock we mentioned a number of times and had a tremendous run up to 84 and pulled back and another run up to 84 and pulled back. we are in the midst of that now. if this trades back down to 74.5 and 75 that is the level to buy. >> they have more south lines. >> these guys are huge. that is definitely a great call. the other part is retailers. the impact on this will be talk about 1,000 cuts. these guys will probably feel this...
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Dec 26, 2012
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>> caller: this is mike in the windy city, giving you a chicago bears ba-ba-ba boo-yah. >> bears are constant. what's up? >> caller: if i'm short a stock, how long do i have to cover the short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. remember, if the stock goes up, they may ask you to put more money up, though. that's where people get squeezed. okay, you got to dig deep if you want deep profits. gross margins will guide you in figuring out the direction of a stock. some things you only find on the conference calls, not the headlines. gross margins, that's on the call. stay with cramer. >>> nobody is more passionate about the market than i am. nobody in this whole country! >> i wanted to thank you. you have saved my retirement. >> you are why i come out here and do this show. thank you so much. >> caller: the stuff that you're doing for all of us is so important. i want to say thank you. >> caller: my husband and i watch every day, and we count on your help for small investors like us. >> put cramer's 30-plus years of exp
>> caller: this is mike in the windy city, giving you a chicago bears ba-ba-ba boo-yah. >> bears are constant. what's up? >> caller: if i'm short a stock, how long do i have to cover the short? >> forever. forever. that's one of the great things about shorting. stay short for as long as you want. remember, if the stock goes up, they may ask you to put more money up, though. that's where people get squeezed. okay, you got to dig deep if you want deep profits. gross...
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Dec 15, 2012
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people go there to get away from the inner city. but look what happened. is this the kind of place -- is this the direction that our schools are going? >> what i think you're getting at is almost a comparison to what we've recently done with regard to anti-terrorism where people have had to change the way in which they've conducted their air travel and other types of ways of life where you're used to taking our shoes off and going through the tsa pat-downs. we're spending a lot more money on counterterrorism than gun violence. but we have more deaths due to gun violence than to terrorism. we have to start putting more attention, more resources and maybe having to change some of these types of security measures, unfortunately. >> congresswoman, let me ask you about this security issue. this is a tough issue. most people don't want to have to go through drills like that. like i said, a lot of people in the newtown area and i know it well, we're up there, that's why they're there, because it's a calmer, peaceful place. and yet is the kind of drill that my sis
people go there to get away from the inner city. but look what happened. is this the kind of place -- is this the direction that our schools are going? >> what i think you're getting at is almost a comparison to what we've recently done with regard to anti-terrorism where people have had to change the way in which they've conducted their air travel and other types of ways of life where you're used to taking our shoes off and going through the tsa pat-downs. we're spending a lot more money...
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Dec 19, 2012
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back in a couple minutes. r ] citi turns 200 this year. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through di
back in a couple minutes. r ] citi turns 200 this year. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can...
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Dec 19, 2012
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. ♪ >> executive chef andre dupont at the city of london branch has promised it teach even a kitchen novice like me how to make the perfect holiday meal. this is the second london location of the french company, but plenty more are in the pipeline. >> we plan it open four more in the next tweerks all o years, a london. >> why is the u.k. so ripe for expanding a cooking school business? blame the likes of tv chefs. >> the desire to learn about cooking, to watch cooking is everywhere. it's ubiquitous across the media. you watch any tv program at night, you've got cooking there. any magazine, newspaper, you've got cooking there. we've become very used to cooking. we're a nation of armchair chefs. >> how did my attempt at making holiday dinner go? okay, i'm going try to get a little of everything. so good. it's worth the effort to actually make something like this for my family. that would be great. >> absolutely. >> wow. turns out with a little classically trained french help, even i can make christmas dinner. from the kitchens of latalia de chefs, i'm kelly evans. if there's hope for m
. ♪ >> executive chef andre dupont at the city of london branch has promised it teach even a kitchen novice like me how to make the perfect holiday meal. this is the second london location of the french company, but plenty more are in the pipeline. >> we plan it open four more in the next tweerks all o years, a london. >> why is the u.k. so ripe for expanding a cooking school business? blame the likes of tv chefs. >> the desire to learn about cooking, to watch cooking...
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Dec 17, 2012
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so is citi. when it comes to the investment banks and brokers -- and it's the best performing stock among that sector. but again some big gainers here too. look at goldman sachs. jeffreys up nearly as much. knight capital is the big negative after the trading glitch that really threatened the company. down 73%. and even as americans have continued to deleverage this year, they're still spending. and stocks of the credit card companies have all seen double digit gains as well. american express only 21%. apartment rates. look at this stock here. it started the year really strong. investors piled in with the big demand for rentals. as the demand and the drop in vacancies, you've seen that fade. diana has talked a lot about this. looks like that sector will be one of the biggest laggers. >> watch for that for next year, i guess. >> it depends. people got into other reads for bigger yields. >> very good. >> i guess coming from such a low base, that's one of the real issues and one of the boosts for ba
so is citi. when it comes to the investment banks and brokers -- and it's the best performing stock among that sector. but again some big gainers here too. look at goldman sachs. jeffreys up nearly as much. knight capital is the big negative after the trading glitch that really threatened the company. down 73%. and even as americans have continued to deleverage this year, they're still spending. and stocks of the credit card companies have all seen double digit gains as well. american express...
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Dec 5, 2012
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citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy i
citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers...
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Dec 4, 2012
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. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by 1.75%. could apple's problem be that its growth has, in fact, peaked. well respected strategist out with a note highlighting the multiple which has been in steady decline since 2009. the peak marked by the release of the iphone 3 gs and earnings growth is what the stock needs to go higher. so do you buy that perhaps margins have, in fact, peaked here and that the best is over for apple? >> i have a mic problemb now. if you look at wear google and microsoft have been on the margins this has been a place for the stocks. >> that is a great point. >> magic of live television. >> he strolled in.
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by...
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Dec 22, 2012
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it was like being in one of those chinese cities that has a lot of tier 7 or something. from 2007 to 2010 despite the slowdown, the number of rooms in the vegas strip increased by 15%. that was just way too much supply and not enough demand. that is lethal for pricing. >> the house of pain. >> now the overbuilding is in the past. >> house of pleasure. >> there are no major resorts on the horizon in vegas for the next few years. that's good news for mgm which operates almost a third of all of the rooms on the strip and things are looking better for convention bookings. up year over year. i didn't think that would happen. they upgraded rooms where cramer stays. two of the company's prime properties. and they're coming out with new entertainment and dining offerings. things aren't going back to where they were before the recession. not yet. not yet. they are definitely improving. i think improvement will be dramatic in 2013 especially if we get the super bowl deal in fiscal cliff that we're talking about that should come in the beginning of february when voters realize how
it was like being in one of those chinese cities that has a lot of tier 7 or something. from 2007 to 2010 despite the slowdown, the number of rooms in the vegas strip increased by 15%. that was just way too much supply and not enough demand. that is lethal for pricing. >> the house of pain. >> now the overbuilding is in the past. >> house of pleasure. >> there are no major resorts on the horizon in vegas for the next few years. that's good news for mgm which operates...
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Dec 13, 2012
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that would be awesome. >> wow. >> wear that in new york city. see the locks you'll get. >>> let's trade retail because it's funny. all the things jane said people are spending their money on, those are not the retailers you want to be in, electronics, children's apparel? >> i think walmart is the one you want to be in. one, because first of all, this stock is right around a level at 200 where it is bouncing and on a valuation where you can own it. walmart is a place that is doing their west to grow an emerging market. they announced they're going to have 100 new stores in china. a big deal in turkey. this is a global company and an emerging market. i like walmart right here on the chart. >> mike, where do you go in retail? >> well, the luxury names, closing trade yesterday to sell saks. i don't like tiffany. so, i guess i'm just a grinch when it comes to the luxury goods. >> ba-humbug. >> ashley, that she interviewed there, good for ashley, she's looking to buy a gift for her mom. she wasn't paying cash. probably paying with her mom's credit car
that would be awesome. >> wow. >> wear that in new york city. see the locks you'll get. >>> let's trade retail because it's funny. all the things jane said people are spending their money on, those are not the retailers you want to be in, electronics, children's apparel? >> i think walmart is the one you want to be in. one, because first of all, this stock is right around a level at 200 where it is bouncing and on a valuation where you can own it. walmart is a place...
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Dec 12, 2012
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booyah from oklahoma city. >> man, do we ever love oklahoma city. we love oklahoma. i miss it. let's get back down there and do another show. cane get there sooner enough? go ahead. >> caller: planned asset sales completed by the first quarter of 2013 which will help its balance sheet. on the other hand, what the acquisition of chesapeake's former pipeline business, williams company is expanding its pipeline infrastructure. which of these companies do you think has a better outlook in 2013? >> i'm going to have to say williams. aubrey mcclennon said he was going to slim down his company. but he's not necessarily getting all the best prices. i think williams did well on this deal and i like williams very much. i should be recommending that stock more but i just don't like natural gas. that's why i've been such a demon about eog. go to sam in florida. sam. >> caller: good evening, dr. cramer. >> oh, thank you, sunshine. >> caller: booyah to my brother in queensbury, new york. >> mark is a greensbury. good fight last weekend. >> caller: could eli lily -- face retrial until late 20
booyah from oklahoma city. >> man, do we ever love oklahoma city. we love oklahoma. i miss it. let's get back down there and do another show. cane get there sooner enough? go ahead. >> caller: planned asset sales completed by the first quarter of 2013 which will help its balance sheet. on the other hand, what the acquisition of chesapeake's former pipeline business, williams company is expanding its pipeline infrastructure. which of these companies do you think has a better outlook...
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Dec 10, 2012
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s a lot coming down the pipeline with drugs that could help people a lot. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> where do you get your investment ideas anyway? the worst ideas probably come from the business sections of the major newspapers? why are they the worst? simple beca
s a lot coming down the pipeline with drugs that could help people a lot. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ [ male announcer ] you build a reputation by...
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Dec 26, 2012
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citi price rewind. start saving at citi.com/pricerewind. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." if you're traveling around london today, you better take the bus or hail a cab. for the third straight year, hundreds of london underground workers and drivers have gone on a 24-hour strike on boxing day. the first day of post-christmas retail sales. the union has a long-running dispute with tube management over bank holiday pay. >>> and here in the u.s., support strike could be brewing. federal mediators have called for a meeting of east and gulf coast dock workers and shippers as they try to avoid possible strike next week. talks broke down december 18. and the union's contract extension expires monday. the union represent more than 14,000 workers at more than a dozen ports from boston to houston. the key sticking point -- container royalties or payments to unio
citi price rewind. start saving at citi.com/pricerewind. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." if you're traveling around london today, you better take the bus or hail a cab. for the third straight year, hundreds of london underground workers and drivers have gone on a 24-hour strike on...
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Dec 10, 2012
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>> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. enjoy free shipping and great values sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifte
>> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free...
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Dec 5, 2012
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citi the biggest mover. 11,000 head count reduction. bank of america was the best gainer in the dow on a percentage basis, closing up $10 first time in 17 months and the best gainer in the dow year to date so far, melissa, up 86%. >> wow. big gain for bank of america. they closed above ten and stayed above ten is very important. >> to me, i'm not certain why it's up. i'm 450 million shares normal buying. stock's up 6%. that's a tremendous move. i think there must have been some shorts courting this. technically we're above the may high. i think people will be looking to buy this breakout. i wouldn't be one of these people but it stands to reason it probably goes up tomorrow. >> all right. sometimes traders hit it out of the park and sometimes they swing and miss. let's play the good, the bad, the ugly. back the in october tim got a chance to dial in on a samsung trade. take a listen. >> i think samsung is the call. it is about hardware prices where i think apple can't compete with these guys and where they're losing market share. >> all
citi the biggest mover. 11,000 head count reduction. bank of america was the best gainer in the dow on a percentage basis, closing up $10 first time in 17 months and the best gainer in the dow year to date so far, melissa, up 86%. >> wow. big gain for bank of america. they closed above ten and stayed above ten is very important. >> to me, i'm not certain why it's up. i'm 450 million shares normal buying. stock's up 6%. that's a tremendous move. i think there must have been some...
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Dec 22, 2012
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one a day men's 50+. [ male announcer ] citi turns 200 this year. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪
one a day men's 50+. [ male announcer ] citi turns 200 this year. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so...
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Dec 19, 2012
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what's the difference of selling it on the corner in a new york city street than doing it online? it's actually worse because you're getting exposed to so many more people online and how do you know they are not going to do any of that? >> for one they said it. last night kevin systr ho m said it was never to sell your photos in any way because they are yours and we won't tamp we are that. don't break a good thing so they will leave that alone. he explicitly said that and they are modifying the terms right now to reflect that language. >> john, how does this play out? >> they haven't actually apologized at all. they said we were misunderstood. they understand words have meaning but apparently don't have the same meaning that i think they have and other people that find this to be, again, a pr blunder, not so much an issue of how they are going to make money off of this which everyone agrees they have to do. the problem is that the company is worth, because facebook decided to write a big check, nearly $1 billion. that suddenly makes it incumbent upon them to make huge stacks of mo
what's the difference of selling it on the corner in a new york city street than doing it online? it's actually worse because you're getting exposed to so many more people online and how do you know they are not going to do any of that? >> for one they said it. last night kevin systr ho m said it was never to sell your photos in any way because they are yours and we won't tamp we are that. don't break a good thing so they will leave that alone. he explicitly said that and they are...
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Dec 27, 2012
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citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> welcome back, everybody. tomorrow brian and i are going to walk you through some of our big predictions for next year, but right now it is reality check time where i get to toast and roast brian over the predictions he made in the last year. you can defend yourself. let's go to the toast. the u.s. will avoid recession. >> you got that right. >> not only did we avoid it. we grew the economy. not great. we grew it. i was right. you're welcome. >> u.s. stocks will rise 5 to 8%. as far as the dow goes, i'll give you this one. the dow was up 6%. you nailed that one, however -- >> no. >> -- the nasdaq was up 14%. >> so what. >> the s&p was up 14%. >> so what? dad, dad, dad, i'm going to get a b and then yo
citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> welcome back, everybody. tomorrow brian and i are going to walk you through some of our big predictions for next year, but...
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Dec 13, 2012
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there stores in ten global cities are packed. people want apple product. >> they do. two of my kids want apple product this christmas. they won't get them but they want them. >> mandy. >> my kids are getting eye touches. they are in school not watch "street signs" so i can say that. >> they want games. this year it is mine craft. who knows what it'll be bedazzled or whatever. you are downloading movies. if you are on a plane, this is the best thing that ever happened to a family. >> i agree. but you're the wealth person there. here's the thing. we are told that $200 a month tax increase on middle class if we go over the fiscal cliff will doom us. well die. whole country will go bankrupt. you understand my facetiousness. but we spend well over $200 a m on things that didn't even exist ten years ago. the smart phones pb apps. cars. why are we spending 200 a m on things that didn't even exist back then. >> you don't feel it the the same way. >> you have to australia to get that for your tax says all can i say. thank you, lauren young. >> thank you. >> and she called it a
there stores in ten global cities are packed. people want apple product. >> they do. two of my kids want apple product this christmas. they won't get them but they want them. >> mandy. >> my kids are getting eye touches. they are in school not watch "street signs" so i can say that. >> they want games. this year it is mine craft. who knows what it'll be bedazzled or whatever. you are downloading movies. if you are on a plane, this is the best thing that ever...
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Dec 20, 2012
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railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new company. let's hope it has nyse in it. >> thanks. we want to slip in on a quick break and get those numbers out for the fourth quarter. house getting set to vote on the proposal. daniels took his state from deficit to surplus his few year in washington. i'll ask him what washington has to do. today morse will making agawa becoming the most popular group and what one member thinks of the i.c.e. negotiation. back in a moment. . >>> welcome back. to hammer out a debt deal, they may want to take a page from indiana's playbook. the state has about $2 billion in cash reserves and an estimated half a billion surplus heading into the new year. outgoing governor mitch daniels knows all abou
railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new company. let's hope it has nyse in it. >> thanks. we want to slip in on a quick break and get those numbers out for the fourth...
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Dec 19, 2012
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we are going to look at it just ahead. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> mid november's closing low. america, you are right now betting wealthier. >> if i didn't know better, i would say it is a roaring boom market. >> it feels like a growth, optimistic world. and then you say, what am i missing here? monitoris many is becoming more fashionab
we are going to look at it just ahead. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. wooohooo....hahaahahaha! oh...there you...
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Dec 26, 2012
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citi holdings. about that london whale at jpmorgan, it forced jamie dimon to clear house, a dozen executives changing roles. expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the voelker rule will be completed by midyear as will the regulation of the trillion dollar derivatives industry. if either of these hurts competition abroad, expect banks to sue. >>> all right. the housing recovery rolls on but will 2013 be a bigger boom or a bigger bust? truly a chief economist will join us with his predictions next. >>> plus, china's newest train cuts a 20-hour trip to less than half that time. just how speedy is it? the answer for you later on on "street signs." [ male announcer ] this december
citi holdings. about that london whale at jpmorgan, it forced jamie dimon to clear house, a dozen executives changing roles. expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the...
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Dec 14, 2012
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i can't sell it with passion, but i will say that this is action in a city called washington or sometimes in texas we call it washington stand, where people never get anything done or don't appear to easily get things done. we do get things done. we make a decision and we proceed. >> and the fed has gotten a lot done that. was dallas federal reserve president richard fisher saying congress and the white house need to take a page from the fed on how to work and play together. the lack of action on the fiscal cliff could damage the economy in ways that the fed cannot combat. lindsey paigsa is with me and ward mccarthy of jeffries. they both join me to weigh in. lindy, what can the fed do, do you think, if congress and the white house don't make a deal and we go over the cliff? >> you know, bernanke has been very clear if the u.s. economy does go over the fiscal cliff the fed does not have the tools to offset the impact and this is something he continued to imif a size in wednesday's press conference, looking at size. impact and looking at us to temper our expectations of what federal policy
i can't sell it with passion, but i will say that this is action in a city called washington or sometimes in texas we call it washington stand, where people never get anything done or don't appear to easily get things done. we do get things done. we make a decision and we proceed. >> and the fed has gotten a lot done that. was dallas federal reserve president richard fisher saying congress and the white house need to take a page from the fed on how to work and play together. the lack of...
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Dec 15, 2012
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solar city, we get a pullback in some cities for solar you're going to wish you -- >> sell sell sell. >> so i can't recommend it. i think we should get used to the idea of the fiscal cliff and be prepared. we've got a series of good companies reporting next week. if you really like them, understand you can buy some of them because there are great stories out there. but the fiscal cliff looms on even the best. "mad money" will be right back. >>> coming up, another dimension? it's one of the most talked about new trends. and tonight cramer's taking a hard look at 3-d printing. it's a face-off of the industry's two top stocks. and jim's finding out which one could turn into your personal printing press. >>> and later -- rotten apple? the crown jewel of tech has fallen like a rock. over 150 points in the past three months. but has the glow around the beloved electronics maker faded forever, or is now the time to take a bite? get cramer's take. >>> plus, beating the buzz. >> the fiscal cliff, of course, is a complete made-up -- >> the drone of d.c. is deafening as politicians posture ahead
solar city, we get a pullback in some cities for solar you're going to wish you -- >> sell sell sell. >> so i can't recommend it. i think we should get used to the idea of the fiscal cliff and be prepared. we've got a series of good companies reporting next week. if you really like them, understand you can buy some of them because there are great stories out there. but the fiscal cliff looms on even the best. "mad money" will be right back. >>> coming up, another...
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Dec 17, 2012
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she also had citi and discover financial. whitney will be on with maria to talk about that call tomorrow. >> thank you, bertha. when she speaks, especially when it comes to the bank stocks, the stocks do move. do you buy into this move higher? is that a monster run? on top of it, meredith whit nne is saying, next year, they could be more free -- >> i buy into it for people that are looking for econocompanies are going to make money. but the call that suddenly these guys are not going to have to be worrying about their balance sheets and are going to return to their old ways, this is her main point. to give capital back to shareholders, that's cool. people like that. but to say that it's game on again, which i kind of am reading between the lines in her note and i don't think it's game on again. i don't think the fed, i don't think the government and i know we've got someone that wants to talk about that. >> expense rationalization is key here. scott nations on the options desk, where do you stand on this? >> i've been long ba
she also had citi and discover financial. whitney will be on with maria to talk about that call tomorrow. >> thank you, bertha. when she speaks, especially when it comes to the bank stocks, the stocks do move. do you buy into this move higher? is that a monster run? on top of it, meredith whit nne is saying, next year, they could be more free -- >> i buy into it for people that are looking for econocompanies are going to make money. but the call that suddenly these guys are not...
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Dec 17, 2012
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>> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i think the low 500 is very interesting particularly given the china news, given the 50 new countries that they're in. i just don't see this getting resolved until you get to january 22nd which is when the company reports earnings and we get a better read on gross margins, on products yields and all of this noise. >> glen young is the analyst who cut the stock today, slashed its price target. glen, welcome back to "halftime" >> thanks. >> help us understand how three weeks ago you came on the show, initiated coverage with a buy. you've seen enough in that period of time to change to a neutral. what happened? >> remember when
>> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i think the low 500 is very interesting particularly given the...
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Dec 17, 2012
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stay with cramer. >>> stay connected to cramer on madmoney.cnbc.com. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. to the
stay with cramer. >>> stay connected to cramer on madmoney.cnbc.com. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours....
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Dec 6, 2012
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the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up, when the mayor of the council screws up, you're on your own. don't expect a bailout from us if you want that local power. >> we're going to leave it there. doc thompson, thank you very much. well put. so cliff or no cliff, is there a war against capital going on? this is part of the story. art laugher is going to tell us why you can't have capitalism without capital. you'll want to hear this. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving he
the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up,...
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Dec 17, 2012
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in premarket trading, this after citi downgraded stock. the company did sell better than expected 2 million iphone 5s in china over the weekend. the best smart phone launch ever in that country. what will the future bring with apple? i'm here with spencer from wall street journal. spencer, people have been unloading apple over the past few months. is that selling pressure overdone? >> well, it looks like since apple released this announcement saying they have sold over more than 200 million iphones in china, and it takes it down a new low for apple, it has rebounded. apple is entering a new relationship for its investors. the last few years it's been this amazing lovely marriage. both sides completely in love with each other. the last few quarters they are questioning tlir relationship. they are fearing, can the growth continue? can the innovation continue? this news release seems to take some fear out of those investors. >> people did have, and many still do, have a love affair with apple and its product. but no company can control the ma
in premarket trading, this after citi downgraded stock. the company did sell better than expected 2 million iphone 5s in china over the weekend. the best smart phone launch ever in that country. what will the future bring with apple? i'm here with spencer from wall street journal. spencer, people have been unloading apple over the past few months. is that selling pressure overdone? >> well, it looks like since apple released this announcement saying they have sold over more than 200...
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Dec 7, 2012
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companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is actually becoming a big issue for builders. diana olick is on that story. diana, what happened to all the construction workers that were out of work a couple years ago? where did they go? >> reporter: well, about 2 million of them, believe it or not, left the workforce during the housing crash. this is residential and non-residential construction. because this crash has gone on for going on five years now, a lot of those workers were retrained in other careers and are actually not coming back to home building. that's why the builders are saying they need skilled workers. skilled workers like these students here a
companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is...
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Dec 11, 2012
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city council to get a 10% increase in what they are paid. this is the game that's being played in the state of california. i know one thing. i know something now, lawrence, that i never knew in my life. i tweeted it over the weekend. i know what i'm going to make next year. i'm going to make 249,900 dollars. >> so you don't have to pay -- that's funny. >> i never knew it before. i always guessed. now i know. >> married, filing jointly. $249,999. i know how much i'll make next year. thanks to obama and the voters. $249,000. live small. michael, judy and i lived in california for a while. it has so much potential. it doesn't have to be this way. they could fix it with better policies. >> absolutely. >> many thanks no michael reagan. on a more somber note over the weekend a great man and a dear friend of mine, saul steinberg passed away. he was a brilliant financier, a devoted family man and an ardent supporter of free market capitalism. i want to personally express my deepest condolences to saul's family. may he rest in peace. a brilliant man,
city council to get a 10% increase in what they are paid. this is the game that's being played in the state of california. i know one thing. i know something now, lawrence, that i never knew in my life. i tweeted it over the weekend. i know what i'm going to make next year. i'm going to make 249,900 dollars. >> so you don't have to pay -- that's funny. >> i never knew it before. i always guessed. now i know. >> married, filing jointly. $249,999. i know how much i'll make next...
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Dec 5, 2012
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now roughly 60% of mexico's gross domestic product is in kansas city southern rail, and kansas city southern's mexico business grew auto volumes in an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audie will be opening plants. crazy, huh? bmw. over the time frame, mexican auto production is expected to surge from 2.5 million vehicles a year to 3.5 million. i think that's low versus what will ultimately be. and kansas city southern think they will have 60% auto shares. kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some
now roughly 60% of mexico's gross domestic product is in kansas city southern rail, and kansas city southern's mexico business grew auto volumes in an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audie will be opening plants. crazy, huh? bmw. over the time frame, mexican auto...
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Dec 17, 2012
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the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. second of all, expectations for next quarter are bet are than that and we still don't have blackberry 10 yet. you have to be a little bit bullish to understand there is more product for something already a bit outdated and still do a little better on margins pf given that people will anticipate blackberry 10. >> and i know you have a theory out there. i won't steal your thunder though. i will
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we...
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Dec 31, 2012
12/12
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he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market. i think a lot of the talk, michael furley talked about 50 years recovering, it is very good with the economy strengthening. and relative values restored versus high yield. but the first half will be pretty tricky. so i think it's really going to be a good second half story for equity markets. >> you have a target of 1580 for the s&p year-end and you want cyclical stocks to be the mode of investment choice for the folks watching this show. so, i mean, that sounds like risks going all the way to me. 1580, heavy cyclicals, we are off to the races. >> that's right. in fact, if you just look at how the market has acted since december 18th, we are actually down a few percentage points on the s&p. the best p
he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market. i think a lot of the talk, michael furley talked about 50 years recovering, it is very good with the economy strengthening. and relative values...